R2 Companies Sells Mixed-Use Property In Lincoln Park, Chicago For $6.7M
2001 North Clybourn Avenue, Chicago, Illinois 60614, United States
$6,700,000
$279/SF
Building Size
24,000 SF
Asset Type
Mixed-use
Closing
Jul 26, 2022
About this deal
AI
The mixed-use property located at 2001 North Clybourn Avenue in Lincoln Park, Chicago has been sold for a total price of $6,700,000. This property spans a total area of 24,000 square feet and has a price per square foot of $279. The sale took place on 07/27/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,700,000
- Address: 2001 North Clybourn Avenue
- Market: Lincoln Park, Chicago
- Square Feet: 24,000
- Price per Square Foot: $279
The seller of the property was R2 Companies. The transaction was facilitated by brokers Danny Spitz and Jason St. John, representing Greenstone Partners.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93